5,587 Shares in AvalonBay Communities, Inc. (NYSE:AVB) Purchased by Narwhal Capital Management

Narwhal Capital Management acquired a new stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,587 shares of the real estate investment trust’s stock, valued at approximately $1,229,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Impact Partnership Wealth LLC bought a new stake in shares of AvalonBay Communities in the fourth quarter valued at approximately $613,000. High Probability Advisors LLC grew its stake in AvalonBay Communities by 36.9% in the 4th quarter. High Probability Advisors LLC now owns 3,318 shares of the real estate investment trust’s stock valued at $730,000 after buying an additional 895 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in AvalonBay Communities by 2.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 52,224 shares of the real estate investment trust’s stock valued at $11,488,000 after buying an additional 1,070 shares in the last quarter. Red Spruce Capital LLC raised its holdings in AvalonBay Communities by 1.9% during the 4th quarter. Red Spruce Capital LLC now owns 7,545 shares of the real estate investment trust’s stock valued at $1,660,000 after acquiring an additional 144 shares during the period. Finally, Atomi Financial Group Inc. lifted its position in shares of AvalonBay Communities by 10.0% during the fourth quarter. Atomi Financial Group Inc. now owns 1,326 shares of the real estate investment trust’s stock worth $292,000 after acquiring an additional 121 shares in the last quarter. Institutional investors own 92.61% of the company’s stock.

Analyst Ratings Changes

AVB has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded AvalonBay Communities from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $247.00 to $262.00 in a research report on Tuesday, December 17th. Mizuho raised AvalonBay Communities from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $239.00 to $242.00 in a report on Monday, January 6th. Barclays lowered their price target on shares of AvalonBay Communities from $243.00 to $230.00 and set an “equal weight” rating on the stock in a report on Friday. Morgan Stanley cut shares of AvalonBay Communities from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $236.00 to $223.00 in a research note on Friday. Finally, Royal Bank of Canada lowered their target price on shares of AvalonBay Communities from $234.00 to $233.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 6th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $234.60.

Insider Transactions at AvalonBay Communities

In other news, Director Timothy J. Naughton sold 2,261 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $233.78, for a total transaction of $528,576.58. Following the transaction, the director now directly owns 111,436 shares of the company’s stock, valued at approximately $26,051,508.08. This trade represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.42% of the company’s stock.

AvalonBay Communities Stock Up 0.3 %

Shares of NYSE:AVB opened at $214.48 on Monday. The firm has a market capitalization of $30.51 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 2.98 and a beta of 0.99. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 1.64. AvalonBay Communities, Inc. has a 52-week low of $169.37 and a 52-week high of $239.29. The firm has a fifty day moving average of $223.01 and a 200 day moving average of $221.14.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $2.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.10). The firm had revenue of $734.31 million during the quarter, compared to analysts’ expectations of $731.67 million. AvalonBay Communities had a return on equity of 8.84% and a net margin of 36.20%. During the same quarter in the previous year, the company posted $2.66 earnings per share. As a group, research analysts anticipate that AvalonBay Communities, Inc. will post 11.04 EPS for the current fiscal year.

AvalonBay Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Tuesday, December 31st. AvalonBay Communities’s payout ratio is currently 93.02%.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Same Store, Other Stabilized, and Development or Redevelopment. The Same Store segment refers to the operating communities that were owned and had stabilized occupancy.